Summary:
- The article discusses the growing trend of "buy now, pay later" (BNPL) services, which allow consumers to purchase items and pay for them in installments over time.
- These BNPL services, such as Klarna, Affirm, and Afterpay, have become increasingly popular, especially among younger consumers, as they provide a more flexible and accessible way to make purchases.
- However, there are concerns that BNPL services can lead to overspending and debt, and that they may not be subject to the same regulations as traditional credit products.